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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.869%APR 6.900% | 0 pts$0 | $2,495/moP&I $2,495 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.999%APR 6.764% | 0 pts$0 | $2,496/moP&I $2,319 · MI $177 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.954%APR 5.998% | 0 pts$0 | $2,268/moP&I $2,268 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.576%APR 6.607% | 0 pts$0 | $2,422/moP&I $2,422 · MI $0 | See details |
| Investment Property FixedConforming | 7.552%APR 7.587% | 0 pts$0 | $2,671/moP&I $2,671 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.954% | 5.998% | 0 pts ($0) | $3,198/mo | $63,552 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.008% | 6.055% | 0 pts ($0) | $4,011/mo | $89,448 |
Condo 10% Down | 10% | 720 credit score | 7.096% | 7.258% | 0 pts ($0) | $2,873/mo | $100,564 |
Conventional 10% Down | 10% | 720 credit score | 6.562% | 6.713% | 0 pts ($0) | $2,720/mo | $93,684 |
Conventional 20% Down | 20% | 740 credit score | 6.869% | 6.900% | 0 pts ($0) | $2,495/mo | $77,097 |
Conventional 5% Down | 5% | 700 credit score | 6.991% | 7.464% | 0 pts ($0) | $3,000/mo | $104,722 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.298% | 7.332% | 0 pts ($0) | $3,257/mo | $111,781 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,812/mo | $95,266 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.778% | 7.148% | 0 pts ($0) | $2,998/mo | $108,116 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.576% | 6.607% | 0 pts ($0) | $3,027/mo | $101,443 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,921/mo | $93,480 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.999% | 6.764% | 0 pts ($0) | $2,797/mo | $98,132 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,879/mo | $100,776 |
FHA Streamline Refi | 0% | 640 credit score | 6.126% | 6.893% | 0 pts ($0) | $2,938/mo | $103,537 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.965% | 7.204% | 0 pts ($0) | $2,992/mo | $108,431 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,973/mo | $58,199 |
Investment Property 25% Down | 25% | 740 credit score | 7.552% | 7.587% | 0 pts ($0) | $2,504/mo | $79,618 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $2,561/mo | $80,030 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,763/mo | $84,711 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.377% | 7.148% | 0 pts ($0) | $2,911/mo | $103,435 |
Second Home 10% Down | 10% | 720 credit score | 6.013% | 6.583% | 0 pts ($0) | $2,567/mo | $86,622 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,499/mo | $77,268 |
VA 0% Down | 0% | 700 credit score | 5.996% | 6.235% | 0 pts ($0) | $2,909/mo | $95,907 |
VA Cash-Out Refi | 0% | 640 credit score | 5.998% | 6.361% | 0 pts ($0) | $2,909/mo | $95,936 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.018% | 6.165% | 0 pts ($0) | $2,916/mo | $96,228 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,615/mo | $82,712 |
Frequently Asked Questions
What are today's mortgage rates in Deer Isle-Stonington Community, ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Deer Isle-Stonington Community, ME is 6.869% (with an estimated monthly payment of $2,789). Active program rates also include FHA 30-year fixed loans at 5.999% and VA 0%-down fixed loans at 5.996%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Deer Isle-Stonington Community, ME?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in Deer Isle-Stonington Community, ME have fluctuated between a low of 6.476% and a high of 6.936%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in Deer Isle-Stonington Community, ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $475,130 in Deer Isle-Stonington Community, ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $95,026 but keeps your monthly payment lower at $2,789/mo (at 6.869% interest) with no monthly PMI. In comparison, an FHA loan requires only $16,630 (3.5% down) but has an estimated payment of $3,126/mo (at 5.999% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $458,500 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Deer Isle-Stonington Community before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Deer Isle-Stonington Community is $806,501. With a typical local home value of $475,130 in , a standard 20%-down mortgage requires a loan size of $380,104. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in Deer Isle-Stonington Community, ME impact estimated mortgage payments?
The median home value in Deer Isle-Stonington Community, ME is estimated at $475,130. Buying a typical home here with a standard 20% down payment ($95,026) translates to an estimated starting monthly mortgage payment of $2,789 (principal and interest). Compared to the local area median household income of $62,871 ($5,239/mo), this basic housing payment represents approximately 53.2% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.